DB - Ukraine War Update: Citigroup Deutsche Bank expand Russia exit

Update 3:21 p.m. ET: Citigroup (NYSE:C) announced that it’s expanding plans to exit Russia. The banking giant previously disclosed that it would be winding down its Russian consumer business due to the Ukraine War, but said Monday that it will also review exiting other business lines as well. Meanwhile, Deutsche Bank (NYSE:DB) is rallying in part on word that it’s also exiting Russia after previously indicating that it wouldn’t do so. Update 1:16 p.m. ET: The U.S. has told its allies that China has signaled a willingness to provide military assistance to Russia to support its invasion of Ukraine, the FT reported, citing officials familiar with diplomatic cables. Update 12:08 p.m. ET: "The war in Ukraine has already caused a terrible human toll," the BlackRock Investment Institute said in a note. "We see it extracting a heavy economic price as well, mostly via higher energy costs. This is a major supply shock

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Ukraine War Update: Citigroup, Deutsche Bank expand Russia exit